Federal Realty Inv. Trust (FRT) Tops Q1 EPS by 9c

Federal Realty Inv. Trust (NYSE: FRT) reported Q1 EPS of $0.87, $0.09 better than the analyst estimate of $0.78.

• Generated earnings per diluted share of $0.81 for the quarter compared to $0.78 in first quarter 2017.
• Generated funds from operations available for common shareholders (FFO) per diluted share of $1.52 for the quarter compared to $1.45 in first quarter 2017.
• Generated comparable property property operating income (POI) growth of 3.8% for the first quarter.
• Signed leases for 403,250 sf of comparable space in the first quarter at an average rent of $31.51 psf and achieved cash basis rollover growth on those comparable spaces of 22%.
• Maintained our 2018 FFO per diluted share guidance range to $6.08 - $6.24.

For earnings history and earnings-related data on Federal Realty Inv. Trust (FRT) click here.

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